Arcadium Lithium (NYSE:ALTM) Downgraded by TD Cowen to “Hold”

Arcadium Lithium (NYSE:ALTMGet Free Report) was downgraded by analysts at TD Cowen from a “strong-buy” rating to a “hold” rating in a note issued to investors on Monday, Zacks.com reports.

A number of other equities research analysts also recently weighed in on ALTM. Hsbc Global Res raised shares of Arcadium Lithium to a “hold” rating in a research note on Thursday, October 10th. Scotiabank upgraded shares of Arcadium Lithium from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 7th. Royal Bank of Canada upgraded shares of Arcadium Lithium to a “moderate buy” rating in a research report on Tuesday, June 25th. KeyCorp cut shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 10th. Finally, UBS Group upgraded shares of Arcadium Lithium to a “hold” rating in a research report on Tuesday, September 3rd. Five analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Arcadium Lithium has an average rating of “Hold” and an average price target of $11.00.

Get Our Latest Report on ALTM

Arcadium Lithium Stock Down 0.4 %

NYSE ALTM opened at $5.54 on Monday. The company has a market cap of $5.95 billion, a PE ratio of 5.32 and a beta of 1.61. Arcadium Lithium has a 52 week low of $2.19 and a 52 week high of $18.77. The firm’s 50-day simple moving average is $2.93 and its two-hundred day simple moving average is $3.59.

Arcadium Lithium (NYSE:ALTMGet Free Report) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.05 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.05. The firm had revenue of $254.50 million during the quarter, compared to analysts’ expectations of $253.63 million.

Arcadium Lithium Company Profile

(Get Free Report)

Arcadium Lithium plc engages in the production of lithium chemicals products in the Asia Pacific, North America, Europe, the Middle East, Africa, and Latin America. It offers battery-grade lithium hydroxide, lithium carbonate, butyllithium and high purity lithium metal for electric vehicles, electronics, agricultural, industrial, greases, polymers, pharmaceutical, battery, and aerospace applications.

Featured Articles

Analyst Recommendations for Arcadium Lithium (NYSE:ALTM)

Receive News & Ratings for Arcadium Lithium Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arcadium Lithium and related companies with MarketBeat.com's FREE daily email newsletter.